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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

Intel's revenues are up year-over-year, but foundry unit loses $2.5 billion

Intel Corporation Intel Foundry Altera Intel Products Mobileye CCG
Intel.

Intel this week posted its financial results for the first quarter of 2024. As the PC and datacenter market rebounded compared to last year, so did sales of Intel's key product units. Intel's client computing group (CCG) and datacenter and AI (DCAI) group demonstrated an aggregated 17% growth and earned $11.9 billion. But Intel's manufacturing unit lost $2.5 billion due to continued investment in capacity, which is $100 million more than in Q1 2023. 

Mixed Quarter

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